We are purchasing a brand new flat in Hockley and my solicitor is telling me that she is duty bound to the lender to reveal incentives from the builder. I am on a tight deadline to sign contracts and I don't want to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We note that you have a post code search directory listing firms on the HSBC conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in Hockley?
We are a listing service only for law firms wishing to communicate if they are on the HSBC conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Hockley.
We wanted to use a property lawyer in Hockley for our house move. Our broker has since notified us that our mortgage company Lloyds TSB Bank won't deal with them. Surely this is unduly restrictive?
Banks in the main restrict either the type or the amount of conveyancing practices on their member panel. A common example of such criteria being that a firm must have two or more partners. In addition to restricting the profile of firm, some have decided to limit the number of firms they use to act for them. You should note that Lloyds TSB Bank have no responsibility for the quality of advice provided by any member of Lloyds TSB Bank Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of solicitor panels a few years ago even though there remains differing views about the level of solicitor involvement in some of that fraud. Figures from the Land Registry indicate that hundreds of law firms, including some in or near Hockley only conduct a couple conveyances a year.
What will a local search inform me concerning the house we're buying in Hockley?
Hockley conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations such as PSG The local search is essential in every Hockley conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your property. The search should supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
I have recentlydiscovered that Arc property Solicitors have closed. They conducted my conveyancing in Hockley for a purchase of a leasehold apartment 18 months ago. How can I check that the property is in my name in the name of the former proprietor?
The quickest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Hockley conveyancing specialists.
Is it possible to switch firm as I have to choose one who is on the Coventry Building Society conveyancing list. I had appointed a high street conveyancing solicitor in Hockley round the corner but he is not accepted by Coventry Building Society
We will our best to assist in finding you a conveyancing solicitor in Hockley on the Coventry Building Society panel. Please note that the conveyancers that we on the directory do not pay us commission if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Hockley. Using search facility on this website, you can compare charges for conveyancing solicitors in Hockley and throughout England and Wales.